Woodstock50 lost festival site because organizers failed to make final $150,000 payment
The troubled event didn't deliver the second half of the $300,000 licensing fee due to Watkins Glen International speedway.
The missed payment was the second half of the $300,000 licensing fee festival organizers had agreed to pay the NASCAR track to host the festival. The $150,000 payment was due the day after Woodstock 50 lost a key court battle on May 14 when a New York judge refused to force Dentsu to return $17.8 million of its own money withdrawn from the festival's bank account.
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